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A new theory circulating in the crypto market is challenging how investors interpret Bitcoin’s recent price decline. In a post shared on X (formerly Twitter), market analyst Crypto Rover argued that Bitcoin is no longer trading as a simple supply-and-demand asset, and that this structural shift is a major reason behind the current sell-off.
A ‘Parallel Financial Layer’
Rover’s central claim is that although Bitcoin’s on-chain supply cap of 21 million coins has not changed, the way Bitcoin is…
